the successful investment strategy€¦ · the successful investment strategy. 2 investing in...

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8 december 2000

OHRA Asset ManagementJaco Aardoom

The successfulinvestment strategy

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Investing in themes with goodprospects! Goal of an equity investor

! An analysis: who was succesful

! The story behind the numbers

! The strategy and the future

! www.fondsvisie.nl

! Conclusion

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To get an optimal returnwith an acceptable level of risk

An analysis: risk and return

What is necessary?

The right investment strategy

Who was successful?

Goal of each equity investor

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0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

40,0

45,0

0,0 5,0 10,0 15,0 20,0 25,0

Worldwide investing equity funds,5 year risk/return until 30 september 2000

Ave

rage

yea

rly re

turn

Risk (volatility)

Risk and return

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15,0

20,0

25,0

30,0

35,0

40,0

15,0 17,0 19,0 21,0 23,0 25,0

OHRA Aandelen Fonds

ABNAMRO Aand.F.Robeco v.Lanschot Gl.Eq.F.

RolincoDelta Lloyd Inv.Fund

MSCI

Postbank Aand.F.ING Global Fund

Aegon Aand.F.

Fortis Obam

ASN Aand.F.Opbouwfonds Medici

Templeton Gl.Growth

Fleming Int.Eq.F.

Friesland Aand.F.

Insinger Glob.Eq.

Fidelity Fund Int.

KBC Eq. World F.

AXA Aand.Int.

Worldwide investing equity funds,5 year risk/return until 30september 2000

Ave

rage

yea

rly re

turn

Risk (volatility)

Risk and return

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Traditional:

allocation to countries

allocation to sectors

1

3

2

stockselection

Strategy and the process ofdecisionmaking

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Traditional:

Stockselection

Allocation to trends and segments

1

2

3

OHRAAandelen Fonds

Allocation to countries

Stockselection

Allocation to sectors

1

3

2

Allocation to countries

Strategy and the process ofdecisionmaking

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Global trends

Interactivecommunication

Ageing populationEnvironmentaltechnology

Long termGrowth trends

In search of future growth

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What are theproducts,

technologies orservices needed toassure our future

wellfare

What are the productsand technologies

needed to stabilize orimprove theenvironment

Global trends

Interactivecommunication

Ageing populationEnvironmentaltechnology

long termGrowth trends

How will(digital)

communication looklike ?

In search of future growth

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What are theproducts,

technologies orservices needed toassure our future

wellfare

What are the productsand technologies

needed to stabilize orimprove theenvironment

Global trends

Interactivecommunication

Ageing populationEnvironmentaltechnology

long termGrowth trends

How will(digital)

communication looklike ?

In search of future growth

First w

e think as a

n entre

peneur,

then we consid

er it a

s an in

vestor !

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Communicationtechnology

OHRA Aandelenfonds

e-BusinessMedia

Interactivecommunication

Ageingpopulation

Environmentaltechnology

Long termGrowth trends

rest 6% 4% 25% 41% 24%

rest 2,6% 10,2% 35,8% 32,0% 19,3%30 sept.2000

31 dec.1999

Allocation to themes

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OHRA Aandelenfonds

10,2% 35,8% 32,0% 19,3%

Communicationtechnology

e-BusinessMedia

Interactivecommunication

Ageingpopulation

Environmentaltechnology

CGNU / Morleyand

OHRA Asset Management:

Global Success Fund(relaunch 14/2/00)

Global Opportunities Trust(launch 6/7/00)

Rank1 / 112

5 yr (GBP)OHRA Aandelen Fonds 279,2%Autif Global Growth Sector Average 104,7%

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Interactivecommunication

Ageingpopulation

Environmentaltechnology

Long termgrowth trends

Companiesthat map outthe trend

OHRA Aandelen Fonds

Segmentsthat willbenefit

WaterRecyclingProcess technologyDurable energy

Farmaceuticals/ BiotechnologyMedical devicesRelated sectors

ContentHardwareInfrastructureFacilitating companies

In search of future growth

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Interactivecommunication

Ageingpopulation

Environmentaltechnology

Long termgrowth trends

Companiesthat map outthe trend

OHRA Aandelen Fonds

Segmentsthat willbenefit

WaterRecyclingProcess technologyDurable energy

Farmaceuticals/ BiotechnologyMedical devicesRelated sectors

ContentHardwareInfrastructureFacilitating companies

In search of future growth

In search of:‘the Microsoft’ of the trend

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C P H V E S TA S WIND , C lose(Last Trade) [L ine] D aily11A pr98 - 17Nov00

May98 Jul S ep Nov J an99 Mar May Jul S ep Nov J an00 Mar May Jul S ep Nov

P rD K K

50

100

150

200

250

300

350

400

450

C P H V E S TA S WIND , C lose(Last T rade)31Oct00 478.00 31/10/00

$ 478

Vestas Wind + 257%

31/12/99$ 134??

Environmentaltechnology

WaterRecyclingProcess technologyDurable energy

In search of future growth

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Interactivecommunication

Ageingpopulation

Environmentaltechnology

Long termgrowth trends

Companiesthat map outthe trend

OHRA Aandelen Fonds

Segmentsthat willbenefit

WaterRecyclingProcess technologyDurable energy

Farmaceuticals/ BiotechnologyMedical devicesRelated sectors

ContentHardwareInfrastructureFacilitating companies

In search of future growth

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OHRA investment funds 1 year 3 years * 5 years*

Aandelen Fonds 75,9% 42,4% 40,0%

Care Fonds 80,6% 33,0% (launch 15/4/’97)

Milieutechnologie Fonds 66,3% 5,6% (launch 15/4/’97)

Multimedia Fonds 90,5% 82,8% (launch 15/4/’97)

Internet Fonds 102,6% (launch 18/9/’98)

Comm.Techn.Fonds (launch 20/4/’00)

New Energy Fonds (launch 1/12/’00)

* = per annum

Return as per 30 september 2000

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1 year 3 years* 5 years*

Aandelen Fonds 75,9% 42,4% 40,0%

investoraward

awarded by Nyfer (independent research institute)

period 1997 - 1999

* = per annum

Return as per 30 september 2000

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OHRA Investment Funds Growth of the total fundsize

(x1 million euro)2.503,08

1.551,69

578,68

354,90251,59173,33112,6893,6875,3961,8346,0235,8426,95

377,88497,92

876,59

2.984,53

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+ EURO 1.433 million= + 92%

Growth OHRA funds

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Euronext (Dutch Stock Market)

OHRA Life/Pension

OHRA Bank

In million euro until 30 june 1999

Growth OHRA funds

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500

1.000

1.500

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2.500

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feb-

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Euronext (Dutch Stock Market)

OHRA Life/Pension

OHRA Bank 12%

30%

58%

3 reasons to call your bank now !

42%

20%

38%

Spin-off

In million euro until 30 september 2000

Growth OHRA funds

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OHRA Bank58%

Delta Lloyd Bank0%

OHRA Pension6%

OHRA Life20%

OHRA own position4%

Dutch Stock Market12%

30 june 1999EURO 876 milion

OHRA funds bydistribution channel

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OHRA Bank58%

Delta Lloyd Bank0%

OHRA Pension6%

OHRA Life20%

OHRA own position4%

Dutch Stock Market12%

30 june 1999EURO 876 milion

OHRA Bank37%

Delta Lloyd Bank1%

OHRA Pension4%OHRA Life

16%

OHRA own position4%

Dutch Stock Market38%

30 september 2000EURO 2.984 milion

OHRA funds bydistribution channel

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Also on the internet:www.fondsvisie.nl

realtime pricespersonalised portfoliopricegraphsinsight in the fundportfolio etc

Information and added value

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Information and added value

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O p e ning s -fo rm ulie re n O B R F o nd s V is ie a a nvra g e nFondsvisie subscriptionOpening account with OHRA Bank

www.fondsvisie.nl

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Conclusion

Investing in equity is investingin future growth

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Theme-investing addsvalue to each portfolio !

Conclusion

Investing in equity is investingin future growth

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ASSET MANAGEMENT